Yate restaurant set for closure

March 29 2018

THE Yate branch of Italian restaurant chain Prezzo is among 94 around the country set to close after the company announced a restructuring plan.

Based in the Riverside extension to Yate Shopping Centre, the restaurant only opened a little more than two years ago in November 2015.

But the chain hopes that by closing nearly a third of its restaurants, it will have a long term future for its business.

Under a company voluntary arrangement - CVA - Prezzo submitted a restructuring plan to its creditors and was due to seek their approval of the CVA at a meeting on March 23 as Yate and Sodbury Voice went to press.

Prezzo said where restaurants were closed, it would do everything possible to redeploy staff to other sites.